Depending on the legislative mandate in each jurisdiction, Auditors-General may be required to: …

conduct public sector engagements in accordance with applicable AUASB Standards; …

have regard to recognised professional standards; or …

set their own standards. Standards established by an Auditor-General may incorporate AUASB Standards. …

In the Australian public sector, the scope and nature of financial audits conducted by public sector auditors are governed by relevant enabling legislation in each different …

For the purpose of this GS, the term “financial audit” means an audit that focuses on determining whether an entity’s financial information is presented in accordance with the applicable financial reporting and regulatory framework. This is accomplished …

For financial audits conducted under AUASB Standards, the public sector auditor applies the Australian Auditing Standards (ASAs) relevant to the engagement. As described in the Preamble to AUASB Standards, AUASB Standards …

neutral with respect to the audited or reviewed entity’s sector and size; and …

intended to be applied, as appropriate, to all audit, review, assurance and related service engagements conducted by an auditor or audit firm in both the public and private …

The application and explanatory material in ASAs may contain considerations specific to public sector entities. …